NOT LISTED FOR SALE

Estimated Value: $1,480,000 - $1,812,000

9 Beds
5 Baths
4,191 Sq Ft
$410/Sq Ft Est. Value

Last Sold October 01, 2020

Last sale price $1,360,000 $325 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $10,821/month

12 Days on Market

About This Home

As of October 2020

This lovely 4-unit building is very clean and well maintained in the heart of Lakewood, where units rarely go on the market! The property offers a spacious 3 br/2 bth Owners Unit w/fp, patio and Bult-ins - Approx. 1500 sq. ft. with a 2-car garage. Other units include a 1-car garage. Has it's own laundromat on-site. Each unit is separately metered and owns their own heaters. All units have their own wall a/c and stoves. Very close to Mayfair High School, St. Joseph's High School, restaurants and the Cerritos Mall and Lakewood Mall. Ideal place for outdoor exercise, walking and jogging with peaceful and tranquil living. A great opportunity for an investor and/or owner-user, living in beautiful Lakewood.

Last Agent to Sell the Property

Susana Furlong

Susana Furlong, Broker License #02067058 Listed on: 06/17/2020

Co-Listed By

Darryl Jones

ERA North Orange County License #01076312

Last Buyer's Agent

Harry Eaves

Keller Williams Coastal Prop. License #01159737

Keller Williams Coastal Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,587

Year Built

  • Built in 1968

Lot Details

  • 8,041 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage
  • Parking Available

Home Design

  • 4,191 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 34 / T3S
  • Assessor Parcel Number 7165017037

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $1,400
  • Trash Expense $780
  • Water Sewer Expense $1,680
  • Operating Expense $4,820
  • Gross Income $83,736
  • Net Operating Income $78,916

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,587

Year Built

Built in 1968

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: /
  • Water Sewer Expenses: 1680.00
  • Zoning: LKMFR*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7165017037
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 324.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 780.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8041.00
  • Lot Size Acres: 0.1846

Rental Info

  • Garage Rental Rate: 5.00

Multi Family

  • Garage Income: 20.00
  • Gross Income: 83736.00
  • Gross Scheduled Income: 83736.00
  • Insurance Expense: 1400.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 20.00
  • Lot Size Area: 8041.0000 Square Feet
  • Net Operating Income: 78916.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 4820.00
  • Rent Control: No
  • Total Expenses: 4820.00

Tax Info

  • Tax Block: T3S
  • Tax Census Tract: 5700.01
  • Tax Lot: 34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 21, 2020
Sold by
Caron Tawnie and Estate Of Robert Caron
Bought by
Davis Holmes Lula and Holmes Harry
Current Estimated Value
$1,716,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$979,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2014
Sold by
Caron Jack
Bought by
Caron Tawnie and Estate Of Robert Caron

Purchase Details

Closed on
Jul 18, 2000
Sold by
Sageman Thelma Jones and Sageman Thelma Jones
Bought by
Caron Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
8.13%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Davis Holmes Lula $1,360,000 First American Title Company
Caron Tawnie -- None Available
Caron Robert $395,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davis Holmes Lula $979,000
Previous Owner Caron Robert $300,000
Previous Owner Caron Robert $316,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2020 10/01/20 Sold $1,360,000 -1.4% $325 / Sq Ft
07/13/2020 07/13/20 For Sale $1,380,000 0.0% $329 / Sq Ft
06/29/2020 06/29/20 Pending -- -- --
06/26/2020 06/26/20 Pending -- -- --
06/17/2020 06/17/20 For Sale $1,380,000 -- $329 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,587 $1,472,106 $865,945 $606,161
2024 $17,587 $1,443,242 $848,966 $594,276
2023 $16,861 $1,414,944 $832,320 $582,624
2022 $16,551 $1,387,200 $816,000 $571,200
2021 $16,195 $1,360,000 $800,000 $560,000
2020 $8,978 $700,995 $382,362 $318,633
2019 $8,829 $687,251 $374,865 $312,386
2018 $8,510 $673,776 $367,515 $306,261
2016 $8,154 $647,614 $353,245 $294,369
2015 $7,993 $637,887 $347,939 $289,948
2014 $7,903 $625,393 $341,124 $284,269
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20117364

California Regional Multiple Listing Service (CRMLS)

APN: 7165-017-037